Although the government decided last week to allocate EUR 4 million to cover costs for renewable energy instead of raising prices, there is still an estimated EUR 9-million shortfall not covered for producers of renewable energy. There is now a decision to be made if support for those production fees should be allocated out of…
The Deposit Guarantee Fund sold insolvent banks’ assets worth UAH 184.56 million last week, the fund’s press service reported. “Last week (July 6-10) the assets of seven banks, which were in the management of the Fund, were sold for a total sum of UAH 184.56 million,” reads the report. In particular, UAH 146.49 million was…
The volume of non-cash payments in May grew to 55.5% of all operations from 50.3% in January, and their number increased to 87% from 82.4%, the press service of the National Bank of Ukraine (NBU) reported on its Facebook page. “During the quarantine, non-cash payments proved their safety and convenience. Therefore, the choice of Ukrainians…
This year AS Sadales tikls plans to invest more than EUR 60 million in efforts to restore existing power lines to restore 1,600 km of power lines, 460 transformer sub-stations, as well as reconstruct in sub-stations Janciems, Milgravis, TEC-1, Valka, Salacgriva and Plavinas, as reported by the company. Planning investment projects and technical solutions, AS…
Many Finnish companies are currently re-evaluating the internationalization plans due to the COVID-19 pandemic, a source in Finland’s Ministry of Foreign Affairs has reported. The official said that focus areas for Finnish businesses in Kazakhstan were energy, cleantech, digitalization and education. “For instance, in education, the last few years saw an opening of an innovative…
The estimated real gross domestic product (GDP) declined by 16.6% YoY in April, the National Statistics Office of Georgia (Geostat) reported. GDP declined by 3.6% in the first four months of 2020. In April, the estimated real growth compared to the same period of the previous year was posted negative in almost all activities, while…
Ukraine’s international reserves grew by more than $3 billion in June, according to Prime Minister Denys Shmyhal. “Now they amount to more than $28.5 billion. This is the highest level of reserves in the last eight years. Current reserves cover almost five months of imports, and this is one of the key factors of macro-financial…